Feb. 3 (Bloomberg) -- Martin Blum, head of emerging-markets economics and currency strategy at UniCredit SpA, talks with Bloomberg about the outlook for the ruble and his strategy.

Russia has drained more than a third of its reserves, the world's third largest, since August as it seeks to engineer a "gradual depreciation" of the ruble, according to the central bank. Blum speaks from Vienna. (Source: Bloomberg)

00:00 Russia: ruble, value, "dirty float" idea
02:31 Value of ruble "makes sense", strategy

Running time 04:08

Last Updated: February 3, 2009 09:55 EST